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PAG Mulls $1.2 Billion Stake Sale in Nuvama
Hindustan Times Ranchi
|February 27, 2025
Asian private equity firm PAG is considering options that may lead to a sale of its majority stake in Mumbai-listed Nuvama Wealth Management Ltd., according to people familiar with the matter.
Blackstone Inc.-backed PAG is working with financial advisers on a strategic review of its more than 54% stake in the Indian wealth manager, the people said, asking not to be identified because the deliberations are private. That could result in a partial or full sale, the people said.
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